Purpose – The paper aims to empirically examine the forecasting ability of US-based world mutual funds during the 2001-2007 time period. Design/methodology/approach - World mutual funds are treated as portfolios composed of two sets of securities, i.e. domestic and foreign and two...

Purpose – The paper aims to empirically examine the forecasting ability of US-based world mutual funds during the 2001-2007 time period. Design/methodology/approach – World mutual funds are treated as portfolios composed of two sets of securities, i.e. domestic and foreign and two...